Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323541 
Year of Publication: 
2024
Citation: 
[Journal:] Small Business Economics [ISSN:] 1573-0913 [Volume:] 64 [Issue:] 4 [Publisher:] Springer US [Place:] New York, NY [Year:] 2024 [Pages:] 1601-1641
Publisher: 
Springer US, New York, NY
Abstract: 
This paper evaluates the impact of awarding a second investment grant to the same firm. We implement a Regression Discontinuity Design strategy using a rich firm-level administrative database, which allows us to link applications to grants and their scores to firms’ performance. Our results show that while a single grant has a positive impact on firms’ labour productivity, a second investment grant produces an even stronger effect. A more granular analysis suggests that only micro- and small-sized firms benefit from a single grant, whereas the overall effect of an investment grant booster shot is confirmed for the micro- and small-sized firms. No effects were found on total factor productivity for either the single or the second grant.
Subjects: 
Industrial policy
Investment grants
Multiple grants
Productivity
JEL: 
D22
H25
L25
L52
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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